• CHFJPY reversed from support level 150.00
• Likely to rise to resistance level 153.7
CHFJPY recently reversed up from the pivotal support level 150.00 (former strong resistance from September and October).
The support level 150.00 was strengthened by the upper trendline of the recently broken up channel from January (acting as the support now).
Given the strong uptrend and bearish yen sentiment, CHFJPY can be expected to rise toward the next resistance level 153.7 (top of the previous impulse wave (iii)).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies